Walker & Dunlop Reports Record Revenues of $253 Million As Diluted Earnings Per Share Grows 47% to $1.95

  • Bethesda Maryland | Aug. 5, 2020

Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) reported second quarter 2020 total revenues of $252.8 million, an increase of 26% over the second quarter of 2019 and a company record. Net income for the second quarter of 2020 was $62.1 million, or $1.95 per diluted share, both up 47% from the second quarter of last year. Second quarter 2020 adjusted EBITDA1 was $48.4 million, down 23% over the same period in 2019. Second quarter total transaction volume decreased 2% from the prior-year quarter to $7.1 billion, with debt financing volume up 8% and property sales volume down 59%. The Company ended the second quarter with $275.2 million of cash on the balance sheet.

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